DEDHAM, MA and MONTPELIER, VT – March 26, 2025 – Constructing on the formal announcement of the affiliation between Norfolk & Dedham (N&D®) and Union Mutual, the businesses have begun pooling underwriting outcomes efficient January 1, 2025. The businesses have additionally launched a gaggle identify (N&D | Union Mutual Insurance coverage Group) and brand (proven above) to be used when referring to the mixed affiliated corporations.
Along side the pooling of financials, the Corporations have appointed Alex Butensky as Government Vice President, Chief Monetary Officer, and Treasurer of the N&D | Union Mutual Insurance coverage Group. Alex, who has been with N&D since 2013, most not too long ago served as N&D CFO and has intensive expertise in govt management, monetary oversight, and actuarial features. Jennifer Galfetti, former Union Mutual CFO, has been introduced as Union Mutual’s Chief Working Officer. High management at each corporations stays unchanged, with Joel Murray persevering with as President & CEO of N&D and Board Chair of the affiliated corporations, and Lisa Keysar persevering with as President & CEO of Union Mutual.
“The pooling of financials marks a major step within the affiliation of the 2 organizations, guaranteeing a unified monetary technique to raised serve policyholders and improve the general power of the group,” stated Joel Murray. “Alex’s management and experience have been instrumental in our success, and we’re assured that his continued contributions will drive the monetary well being and strategic progress of the affiliated group.”
Lisa Keysar added, “It is a pivotal second for our corporations. By pooling our financials, we’re reinforcing our dedication to monetary stability and offering even higher worth to our policyholders and enterprise companions.”
Because the N&D | Union Mutual Insurance coverage Group continues to develop and evolve, the businesses are dedicated to sustaining the sturdy relationships and trusted service which have been pivotal to every firm’s success over their mixed 350-year historical past.
About N&D | Union Mutual
The N&D | Union Mutual Insurance coverage Group writes a mixture of private and business strains enterprise in eight states with roughly $700 million in direct written premium and over $630 million in policyholders’ surplus. The group has roughly 250 staff and 600 impartial brokers with 1,000 company workplaces throughout the Northeast. Each corporations are independently rated A (Wonderful) by AM Finest.
